@Ibrahim Mawri my main concern is on exit strategy. 

.• How to think creatively about building wealth.Once at the property, the kids explored, asked questions, and saw firsthand how opportunities are created through smart investing.Involving children in real estate teaches them:• Financial literacy in a hands-on way.• Entrepreneurial thinking and problem-solving skills.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?

Quote from @Jenni Utz: You have that built-in equity on the deals that are off-market.

If you still have the appraisal and it is completed by an AMC you can transfer it and still close on it.

Hey @Tom Dieringer, there is a ton and at the same time, not much at all.It really depends on the market you are in.

Yes there are some state specific languages but its rare on how they dictate JV's.

I love real estate and the Richmond, VA area, which is why I wish to pursue a career that can educate me on how I can invest in real estate in the future in Richmond.

How much knowledge do you have on US real estate? 

It was listed on Zillow for $110k and we made a low ball offer at $90k, ended up getting under contract for $95k.

., $250K on a $1M property with a $500K loan) is treated as a loan and generally has no tax implications related to the 1031 exchange.